EQ #4 – AGEC 105 (4 pts in total) Capps - Sept. 16, 2013 Suppose that Robbin budgets $12/week for Wings ‘n’ Sudes and suppose that the price of buffalo wings is $0.50, while the price of Coca-Cola is $1.50. (1/2pt) (a) What is the maximum number of buffalo wings that Robbin may buy? 24 (1/2pt) (b) What is the maximum number of Coca-Cola drinks that Robbin may buy?8 (1/2pt) (c) At point C, the consumer is said to be at equilibrium. (1/2pt) (d) At point C, the slope of the budget line and the MRS are not equal. TRUE or FALSE? FALSE (1/2pt) (e) The optimal combination of goods for this consumer is 12 buffalo wings and 4 drinks of Coca-Cola. TRUE or FALSE? TRUE. Buffalo Wings 12 C 4 Coca-Cola

Quantity of Subway sandwiches   15 10 20 Quantity of Chick-Fil-A

Random Question All the top names in the food business use GMOs. Together eight companies make up more than 90% of food products from grocery retailers. Name two of these food companies. MARS General Mills Kraft Nestle PepsiCo Kellogg’s Coca-Cola Unilever